Macy’s recently made headlines with its latest earnings report—a mix of slight improvements and glaring concerns. While some segments of the business appear to be gaining traction, the overall narrative suggests a company struggling to find its footing amid fierce competition and changing consumer behaviors. Comparable sales during the precious holiday quarter were down by
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China stands at a critical juncture, where its fiscal policy could reshape not only its domestic economy but also its stance in global trade. Amid ongoing tensions with the United States, especially since the latest tariff increases under President Donald Trump’s administration, Finance Minister Lan Fo’an’s comments during the “Two Sessions” meeting underscore a potential
In a sobering turn of events for investors, CrowdStrike, a prominent player in cybersecurity, experienced a staggering 9% drop in its shares following a disappointing earnings forecast. The underlying issue stems from an extensive global IT outage that occurred in July, an event that not only disrupted operations but also raised significant questions about the
It’s bewildering to grasp the paradox of the American rental market. In 2022, close to 600,000 new apartment units were constructed—the highest figure since 1974. This so-called surplus of new housing should have flooded the market, providing much-needed relief to renters. However, the reality could not be more different. According to RentCafe, an apartment search
When President Donald Trump declared his intent to “make America affordable again,” an alarm sounded for millions of everyday Americans. The administration’s introduction of steep tariffs on key trading partners, particularly Canada and Mexico, poised to disrupt the price equilibrium of essential goods, is a glaring contradiction to this lofty promise. Although intended as a
The recent drop in mortgage interest rates has ignited a surge in loan applications, leading many to believe we are entering a golden age for potential homebuyers. However, a closer examination reveals a more precarious reality. The Mortgage Bankers Association reported a staggering 20.4% uptick in total mortgage applications last week, an alluring figure that
On Wednesday, China revealed a consequential 7.2% increase in its defense budget, totaling an astonishing 1.78 trillion yuan ($244.99 billion) for 2025. This is not a sudden shift but a consistent trend, reflecting a two-year streak of similar growth rates. The commitment to “firmly safeguard” national security is clear, yet this escalation deserves scrutiny when
In the ever-evolving world of higher education, aspirations and preferences among college-bound students are subject to rapid changes. According to a recent survey conducted by The Princeton Review, Massachusetts Institute of Technology (MIT) has surpassed Harvard University as the most coveted institution for college applicants. This shift, driven by a myriad of factors, highlights the
On a recent Tuesday, Best Buy reported its financial outcomes for the fourth quarter, showcasing earnings and revenue that surpassed analyst expectations. CEO Corie Barry illustrated a rather complex landscape ahead for the company and its customers. The electronic retail giant, which heavily relies on its supply chains from China and Mexico, foresees imminent price
The American housing market continues to present significant challenges for aspiring homeowners, particularly in the realm of down payments. With home prices soaring to historical heights, potential buyers are increasingly finding themselves hindered by both the requirement for larger upfront payments and the complexities tied to securing a mortgage. This article dives into the current